Housing in Elgin, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — November 2025Median Sale Price
$449,000
Median List Price
$404,900
Price Per Sq Ft
$191
Days on Market
22
Active Inventory
4
Months of Supply
4.0
Balanced market
Zillow Home Value
$352,962
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Sale-to-List Ratio
102.1%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$191
Median List $/SF
$329
Elgin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Elgin is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$218,200
Median Rent
$738
Total Housing Units
481
Vacancy Rate
13.1%
Owner Occupied
77.8%
Renter Occupied
22.3%
Median Property Tax
$2,662
per year
Monthly Cost (w/ Mortgage)
$1,308
Housing Types
The current median sale price in Elgin, MN is $449,000 according to Redfin data. Homes spend a median of 22 days on the market. 100.0% of homes sold above asking price. The market has 4.0 months of supply. The median price per square foot is $191. The median rent is $738 per month (Census ACS). About 77.8% of housing units are owner-occupied. The median year homes were built is 1986. There are 481 total housing units.